Odd Fellows & Rebekahs Friendship Towers Inc

Analysis

Odd Fellows & Rebekahs Friendship Towers Inc is a registered charity in United States, based in Corsicana, TX. It received its IRS tax-exemption ruling in February 1981, 45 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Odd Fellows & Rebekahs Friendship Towers Inc reported income of $340k and spending of $788k, spending 231% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.7m to $340k (-87%), an average of -50% a year. The sharpest change came in the year to June 2022, when income dropped by 71%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Odd Fellows & Rebekahs Friendship Towers Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Maryvale Apartments Inc ($340k), Family Promise of Berks County Inc ($340k) and Prospect Housing Development Fund Corporation ($340k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.2% and program service revenue 70% of the total. Other salaries and wages came to $356k. At year end it held assets of $12.1m against liabilities of $2.0m, net assets of $10.1m.